Logistics Top News Headlines Dated 03 April 2017

Maersk Line, the global containerized division of the Maersk Group has announced key offerings for the NCR region, aimed at enabling and facilitating trade. These offerings namely, introducing End to End to End Carrier Haulage for Rice Exports, bringing Reefer Imports to the Northern Hinterland, introducing Import Store Door Service are an industry first.

The company is leading the way in creating integrated logistical solutions for the Indian marketplace to help facilitate and add momentum to trade in the region. Commenting on the occasion, Mr Franck Dedenis, Managing Director, Maersk Line (India, Sri Lanka and Bangladesh) said, “We are happy to announce these key offerings to our customers in the NCR region.

Our role is to simplify and enable trade through our increased service offerings and constant innovation to help our customers. This is in line with our belief of enabling the India growth story by providing customers with a reliable, cost-effective and viable logistical solution.” (read more)

TRANSWORLD SIGNS JOINT VENTURE DEAL:

UAE-based global Transworld Group and Japan’s Suzue Corporation have signed an agreement to establish a new joint venture to capitalise on emerging logistics business opportunities within the Middle East Gulf, Indian Sub-continent and Japan regions.

The agreement was signed in Dubai by Ramesh S. Ramakrishnan, chairman of Transworld, and Takahiro Suzue, president of Suzue Corporation.

Mr Ramakrishnan said: “Our joint venture agreement with Suzue Corporation is of strategic importance due to the enhanced trade ties between UAE, India and Japan. The comprehensive logistics services provided will enhance the trade involving these three countries.” (read more)

The Indian Railways is estimated to have posted an all-time high revenue of Rs 1.68 lakh crore in the just-ended fiscal year, powered by its focus on boosting freight traffic and innovative steps on passenger fares.

The national transporter hauled 1.107 billion tonnes of cargo in the year ended March 31, surpassing its most recent target of 1.094 billion tonnes for fiscal 2017. Railways minister Suresh Prabhu said his aim for this fiscal year is to do 1.2 billion tonnes foe fiscal 2017.

Railways minister Suresh Prabhu said his aim for this fiscal year is to do 1.2 billion tonnes. The performance was remarkable for an organisation that in the early months of fiscal 2017 was witnessing a major slump in freight and passenger traffic. Key interventions by the ministry since helped it get on to the growth track (read more)

Deutsche Bahn, IPRCL may form joint venture in India:

Germany’s Deutsche Bahn Engineering & Consulting is in talks with Indian Port Rail Corp. Ltd (IPRCL) to from a joint venture (JV) to develop rail connectivity for Indian ports.

Minister for road transport and highways and shipping Nitin Gadkari said in October that India and Germany were working together on projects worth Rs 1 trillion being implemented by IPRCL.

India has envisaged Rs 8 trillion of investment until 2035 under the Sagarmala programme, which involves the construction of new ports to harness the country’s 7,517 km coastline and setting up of as many as 142 cargo terminals (read more)

India-Eurasia road almost ready, container dry run soon:

Inching closer to making the International North South Transportation Corridor (INSTC) a reality — connecting India with Russia and Europe via Iran — a dry run of container movement via the green corridor (smooth customs facilitation) will be conducted during the next fortnight, marking the 70th anniversary of Indo-Russian diplomatic ties.

INSTC will substantially reduce time taken and cost for transport ofBSE 1.39 % goods between India and Eurasia once fully functional and increase economic activities between India and resource-rich Russia as well as markets of Europe. The INSTC has moved closer to implementation after India decided to join international customs convention TIR following cabinet approval (read more)

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